$1,900,000
440 SW 155th Street, Burien, WA 98166
5,640 Sq Ft
440 SW 155th Street, Burien, WA 98166 440 SW 155th Street, Burien, WA 98166 440 SW 155th Street, Burien, WA 98166 440 SW 155th Street, Burien, WA 98166 440 SW 155th Street, Burien, WA 98166
440 SW 155th Street, Burien, WA 98166 440 SW 155th Street, Burien, WA 98166 440 SW 155th Street, Burien, WA 98166 440 SW 155th Street, Burien, WA 98166 440 SW 155th Street, Burien, WA 98166

MLS #2443308 / Listing provided by NWMLS .

$1,900,000

440 SW 155th Street
Burien, WA 98166

Active 1 day ago
5,640
Sq Ft
$337
Per Sq Ft
1977
Year Built

At a purchase price of $1,900,000, the Mary Cate Apartments offers an incoming investor the opportunity to achieve an above market return out of the gate, and finish renovating interiors to stabilize north of a 7% cash-on-cash return and 20% IRR. Mary Cate is just blocks from restaurants, shopping, grocers, and night life. Mary Cate consists of four ± 605-square foot one-bedroom/one-bathroom units and four ± 805-square foot two-bedroom/one bath units. Each unit benefits from spacious layouts, patios or balconies, common laundry onsite, and twelve onsite parking spaces. Additionally, six of the eight units already feature high-end renovations and a savvy investor can capture additional upside through upgrading the remaining two units.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Parking Total: 12
  • Uncovered Parking Spaces: 12
  • Open Parking Spaces: 12

Structure

  • Roof: Flat
  • Exterior Features: Wood
  • Foundation: Concrete Ribbon

Lot Details

  • Acres: 0.1722
  • Foundation: Concrete Ribbon
Area Features

Schools

  • High School District: Highline

Lot Details

  • Acres: 0.1722
  • Foundation: Concrete Ribbon
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 8600
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Stephanie Orgill

Stephanie Orgill
Broker | REALTOR®


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